Cliffs picks site in Ohio for $700-million iron ore plant

Northshore mine in 2011. Image: Cliffs Natural Resources Inc.

Up to 130 jobs could be created in Ohio at a new iron ore processing facility to be operated by Cliffs Natural Resources (NYSE:CLF).

Cleveland-based Cliffs announced on Thursday that the factory, which will making hot briquetted iron used in steelmaking, will be built on a site owned since 2008 by the Toledo Lucas County Port Authority.

“As with any company interested in locating or expanding here, our people came to the table nimble and ready to work with Cliffs. We are committed to continuing to work with this company to move the project forward,” East Mayor Paula Hicks-Hudson said in a news conference. “Our economic development team and the Department of Public Utilities will continue to work with the company through the air and other permitting processes.”

According to local media The Blade, the $700-million operation will employ 100 ships annually to bring in 2 million tonnes of raw materials, and 16,000 rail cars and trucks to carry finished briquettes to plants in Ohio, Michigan, and Indiana.

The site also quoted James Tuschman, chairman of the Port Authority Board of Trustees, as saying the site was chosen due to land, rail and highway access, a port, natural gas and water.

In March 2016 Cliffs, North America’s largest iron ore miner, said it would restart iron ore pellet production at its Northshore Mining operation in Minnesota. However a year earlier, the company was in liquidation mode, selling Canadian operations Bloom Lake, Wabush Mines and other assets related to them including port facilities.

152 0
Latest Stories

MSHA honours Massey operations for safety achievements

The Mine Safety and Health Administration (MSHA) in the USA has selected the Green Valley Preparation Plant and two mines operated by the Aracoma Coal Co to receive Pacesetter Awards for outstanding safety achievements. Green Valley and Aracoma are operating units of Massey Energy Co. The awards to the Green Valley plant and Aracoma’s Alma and Hernshaw mines honour operations [...]

Eyes on Indian Underground

increasing demand for coal. Industry observers believe that India is poised to become a major market for mining equipment, even larger than China, and this opportunity has led several global mining companies to open up shop in the country at least four

SIGN UP FOR OUR DAILY NEWSLETTER

Bateman makes major acquisitions in mineral processing

As IM May is prepared for printing, with an article on developments in mineral processing, comes dramatic news from Bateman. The company has recently acquired the mining-process division of Intertech, with a strong market presence in the CIS. Even more significant, Bateman’s latest acquisition, announced as IM goes to press, is that of the Delkor [...]